When You Find the Opportunity in Negative Environmental Impacts: A Look at Firms' Responses, Performance and Innovativeness
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F25%3A39923575" target="_blank" >RIV/00216275:25410/25:39923575 - isvavai.cz</a>
Výsledek na webu
<a href="https://doi.org/10.1002/csr.3245" target="_blank" >https://doi.org/10.1002/csr.3245</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1002/csr.3245" target="_blank" >10.1002/csr.3245</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
When You Find the Opportunity in Negative Environmental Impacts: A Look at Firms' Responses, Performance and Innovativeness
Popis výsledku v původním jazyce
As far as we know, recent knowledge on adverse environmental impacts on firms' green behaviour, innovativeness and performance is limited, including scant empirical analysis. Theoretical gaps, particularly in ecological economics and environmental management, can also be seen in this context. We therefore fill these shortcomings of prior research by empirically examining above impacts within the territory of the (1) Southern and (2) Central and Eastern European countries, where such analyses are missing. Based on the CB-SEM technique, our original approach tests how firms' environmental behaviours, innovativeness, and performances are affected by negative environmental impacts expressed by monetary losses because of (i) extreme weather events and (ii) pollution not generated by the firm. To this end, we analyse more than 6000 firms in 11 European countries. Newly, we confirm that exposure to environmental impacts spurs firms' green behaviours, which can also act as a mediator between these environmental shocks and firms' innovativeness. Moreover, we also confirm the mediating role of green behaviours between exposure to environmental impacts and sales performance within Central and Eastern European countries. To our surprise, we find that firms' innovativeness is positively affected by their exposure to environmental impacts among both analysed territories. Our study opens new frontiers in the research fields of ecological policy, climate change adaptation and firms' eco-innovation management and suggests several implications for practitioners and researchers.
Název v anglickém jazyce
When You Find the Opportunity in Negative Environmental Impacts: A Look at Firms' Responses, Performance and Innovativeness
Popis výsledku anglicky
As far as we know, recent knowledge on adverse environmental impacts on firms' green behaviour, innovativeness and performance is limited, including scant empirical analysis. Theoretical gaps, particularly in ecological economics and environmental management, can also be seen in this context. We therefore fill these shortcomings of prior research by empirically examining above impacts within the territory of the (1) Southern and (2) Central and Eastern European countries, where such analyses are missing. Based on the CB-SEM technique, our original approach tests how firms' environmental behaviours, innovativeness, and performances are affected by negative environmental impacts expressed by monetary losses because of (i) extreme weather events and (ii) pollution not generated by the firm. To this end, we analyse more than 6000 firms in 11 European countries. Newly, we confirm that exposure to environmental impacts spurs firms' green behaviours, which can also act as a mediator between these environmental shocks and firms' innovativeness. Moreover, we also confirm the mediating role of green behaviours between exposure to environmental impacts and sales performance within Central and Eastern European countries. To our surprise, we find that firms' innovativeness is positively affected by their exposure to environmental impacts among both analysed territories. Our study opens new frontiers in the research fields of ecological policy, climate change adaptation and firms' eco-innovation management and suggests several implications for practitioners and researchers.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50204 - Business and management
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2025
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Corporate Social Responsibility and Environmental Management
ISSN
1535-3958
e-ISSN
1535-3966
Svazek periodika
32
Číslo periodika v rámci svazku
4
Stát vydavatele periodika
US - Spojené státy americké
Počet stran výsledku
14
Strana od-do
5323-5336
Kód UT WoS článku
001488743300001
EID výsledku v databázi Scopus
2-s2.0-105005215533